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Call: 888-297-6203 Honesty is the best policy in life, especially if you are filing for bankruptcy, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. When you file your bankruptcy papers, it is important that you mention all your assets, income and debts and not hide things. This is because sooner or later a disclosure might hamper your chances of getting debts discharged through bankruptcy. In fact, you might even end up getting your bankruptcy discharged or worse, get jail time. since you are required to sign bankruptcy documents, if anything mentioned on them is [...]

Call: 888-297-6203 Saab, the aircraft manufacturer turned automobile giant has been an innovator. The first of its kinds to come up with heated seating in automobiles, the company had to file for bankruptcy in Sweden, its home country. Since its entry into the automobile sector post-World War II, its sales peaked in 1988 and again in 2006. However, during the period of 2006-2009, a decline of almost 20.3% was observed in Saab sales. As per the Swedish Company Reorganisation Act, any bankruptcy application is approved only if a reasonable cause is present which assumes that reorganization will serve [...]

Call: 888-297-6203 When you file for bankruptcy, your unsecured debts might be discharged eventually but your secured debts like a mortgage or automobile loan, etc. cannot be discharged. According to lawyers of Dallas based bankruptcy law firm Recovery Law Group, you can either reaffirm the debt, consolidate it or settle it. If you are thinking of reaffirming the debt, you need to work out an agreement with your creditor regarding new terms. The agreement would then be signed by both, the creditor and the debtor. However, before you go ahead with debt reaffirmation, it is important that you [...]